X0306 4 2014-11-03 0 0000749660 ICAD INC icad 0001362512 Stevens Stacey M C/O ICAD, INC. 98 SPIT BROOK ROAD, SUITE 100 NASHUA NH 03062 0 1 0 0 Sr. VP of Marketing & Strategy Common Stock 2014-11-03 4 M 0 10000 2.27 A 72731 D Common Stock 2014-11-03 4 S 0 10000 11.3123 D 62731 D Employee Stock Option (right to buy) 2.27 2014-11-03 4 M 0 10000 0 D 2013-09-25 2022-09-25 Common Stock 10000 40000 D This sale is made pursuant to a trading plan previously entered into by the reporting person and complies with the requirements of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended. The reported securities were executed in multiple trades with prices ranging between $11.08 and $11.52, with an average price of $11.3123 per share. The reporting person hereby undertakes to provide, upon request, to the SEC Staff, the Issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. /s/Annette Heroux, Attorney-in-Fact 2014-11-05